Danone: Stifel still a buyer

(CercleFinance.com) - Stifel maintains its Buy rating on Danone shares with a target price of E68.


The analyst's visit to the R&D centre impressed, with "the feeling that Danone indeed has a lot of scientific ammunition to differentiate and accordingly market its products".

While the enthusiasm of the team, as well as a prescribed refocusing of Danone on its health claim in the future, should be positive for the success of Danone's medium-term transformation, Stifel remains cautious: "Still, for now, we reiterate our short-term view of depressed volumes over the next quarters".

And he supports a return to basics for Danone: "Concentrating on winning brands and leveraging capabilities across platforms and geographies should provide additional growth levers," the analyst adds.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.